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Consolidated Statements Of Income - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Interest and dividend income        
Loans and leases, including fees $ 27,907 $ 26,339 $ 54,722 $ 52,349
Securities 40 133 179 262
FHLB and FRB stock dividends 153 164 327 329
Federal funds sold and other 2,259 2,679 4,331 5,461
Total interest and dividend income 30,359 29,315 59,559 58,401
Interest expense        
Deposits 15,186 16,784 30,439 33,434
FHLB advances and other debt 846 800 1,560 1,585
Subordinated debentures 326 364 650 731
Total interest expense 16,358 17,948 32,649 35,750
Net interest income 14,001 11,367 26,910 22,651
Provision for credit losses        
Provision for credit losses-loans 1,370 3,195 1,722 4,512
Provision for credit losses-unfunded commitments 57 366 287 286
Total provision for credit losses 1,427 3,561 2,009 4,798
Net interest income after provision for credit losses 12,574 7,806 24,901 17,853
Noninterest income        
Service charges on deposit accounts 721 623 1,388 1,182
Net gains on sales of residential mortgage loans 206 87 320 177
Net gains (losses) on sales of commercial loans     (18) 167
Net loss on sale of equity security     (103)  
Swap fee income 196   196  
Earnings on bank owned life insurance 232 213 457 417
Other 225 295 546 180
Total noninterest income 1,580 1,218 2,786 2,123
Noninterest expense        
Salaries and employee benefits 3,954 3,570 8,137 7,078
Occupancy and equipment 417 471 851 905
Data processing 683 649 1,357 1,264
Franchise and other taxes 304 356 607 642
Professional fees 899 590 1,686 1,253
Director fees 180 143 357 268
Postage, printing and supplies 46 42 95 86
Advertising and marketing 84 38 128 52
Telephone 43 52 98 103
Loan expenses 196 259 521 706
Foreclosed assets, net 3   4  
Depreciation 118 122 236 252
FDIC premiums 534 499 1,080 1,099
Regulatory assessment 64 66 129 131
Other insurance 50 51 96 107
Other 179 184 326 333
Total noninterest expense 7,754 7,092 15,708 14,279
Income before incomes taxes 6,400 1,932 11,979 5,697
Income tax expense 1,365 237 2,514 932
Net income 5,035 1,695 9,465 4,765
Earnings allocated to participating securities (Series D preferred stock) (155) (54) (292) (121)
Net income attributable to common stockholders $ 4,880 $ 1,641 $ 9,173 $ 4,644
Earnings per common share:        
Basic $ 0.77 $ 0.26 $ 1.46 $ 0.74
Diluted $ 0.77 $ 0.26 $ 1.45 $ 0.74